Hong Kong

Hong Kong is one of the world’s leading financial centres. Its highly developed capitalist economy has been ranked the freest in the world by the Index of Economic Freedom for 15 consecutive years. It is an important centre for international finance and trade, with one of the greatest concentration of corporate headquarters in the Asia-Pacific region, and is known as one of the Four Asian Tigers for its high growth rates and rapid industrialisation between the 1960s and 1990s. The Hong Kong Stock Exchange is the sixth largest in the world, with a market capitalisation of US$2.97 trillion as of October 2007, and the second highest value of initial public offerings, after London. The currency used in Hong Kong is the Hong Kong dollar, which has been pegged to the U.S. dollar since 1983.

Demographic Data

Economic Data

Cultural & Other Data

GDP (PPP, $bn)

307.6

Capital

Hong Kong Central

Area (sq. km.)

1,092

GDP Real

Growth (%)

2.8

Primary Language

Chinese

Population (million)

7.05

PerCap GDP ($)

43,800

Secondary Language

English

Population

Growth %

0.504

Prime Lending

Rate (%)

5

Urban

Population %

100

% Population

Under 15yrs

12.2

Inflation Rate%

2.1

Urban Growth %

1

Population below

poverty line (%)

NA

Unemployment%

4.1

Literacy

(% of population)

93.5

Agricultural Workers

(% of population)

0

Foreign Direct

Investment($bn)

1235

Education spending

as % of GDP

3.9

Industrial Workers

(% of population)

16

Debt-External

($bn)

78.84

CPI Score (1-10)*

8.1

Service Workers

(% of population)

84

Exports ($bn)

362.1

Corporate Income Tax %

17.5

Labor Force (mil)

3.67

Imports ($bn)

387.9

Ease of Doing

Business Ranking **

4

CURRENCY EXCHANGE RATE

06/22/09 $1 = 7.75 HKD

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